I’ll have to disagree with Laffer.
Both plans include a VAT.
That’s about the only way you could make our tax system worse than it already is.
Thatâs about the only way you could make our tax system worse than it already is.
A VAT is no worse than any other tax. The European implementation of the VAT is criticized because it was imposed on top of the already-existing income tax.
Both of these plans eliminate the corporate income tax. The criticisms of a VAT here are groundless.